Types of Development
HOA supported developments have included multi-residential high-rise buildings and townhouses.
Markets
HOA is open for business to support the development of affordable home ownership throughout Ontario, provided the location and the local development partner meet the conditions for HOA support. As part of HOA’s evolving strategy, HOA also recently expanded its mandate and is interested in talking with those dedicated to affordable home ownership across Canada and internationally.
There has to be a demonstrated need for attainable ownership housing – almost universal in Canada’s municipalities– as well as people or institutions able to implement the model.
Most of HOA’s initial developments have been in Toronto because the concept was born in Toronto, and because Toronto has a huge need for affordable housing. There are also developments in Waterloo, Kitchener, Pickering, Markham, Guelph and Kemptville. Developments are under consideration in several other centres including Hamilton, Sudbury, London, Niagara, Collingwood and Orillia, to name a few.
Co-investment
HOA welcomes co-investment from other interested parties in its developments.
At the project level, although HOA expects the builder to make a good faith investment in the development, because the development consultant is compensated on a fee basis, the developer is not expected to contribute financially to the project.
